Sources: TikTok's leadership is considering the option of divesting itself from ByteDance as a last resort if its existing proposal with CFIUS is rejected (Bloomberg) 15-03-2023

Bloomberg:
Sources: TikTok’s leadership is considering the option of divesting itself from ByteDance as a last resort if its existing proposal with CFIUS is rejected — TikTok’s leadership is discussing the possibility of separating from ByteDance Ltd., its Chinese parent company, to help address concerns about national security risks.